Tech Weakness Drags Bitcoin
Bitcoin’s ByteTrend Score has dropped back to a 1. There is no new low yet, but this is clearly a setback.
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Bitcoin’s ByteTrend Score has dropped back to a 1. There is no new low yet, but this is clearly a setback.
It’s a good time to remind ourselves that Bitcoin is not the poor cousin in this historically strong environment in the precious metals rally.
Over Christmas, Ethereum has started to reassert itself. It is now outperforming Bitcoin with a ByteTrend Score of 5 in BTC.
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.
Bitcoin’s ByteTrend Score has been downgraded to a zero trend score again. The counter rally didn’t last, and it is hard to be bullish at this point.
Little wonder Bitcoin is slack, as the hot money has found a new toy to play with.